U.S. Bankers Start Talks in Jerusalem for $75,000,000 Loan to Israel

The four-man delegation of the Export-Import Bank began negotiations today with top Israel Government economic leaders on Israel’s request for a $75,000,000 loan from the bank for irrigation and water development projects. Later, they met with Premier David Ben Gurion.

At the morning meeting, Levi Eshkol, Finance Minister of Israel, outlined Israel’s economic progress and the purpose for which Israel sought the $75,000,000 loan. The bank delegation was accompanied to the talks by experts from the U.S. Embassy here and the aid mission. Israel was represented by its Ministers of Finance, Trade, Agriculture and by Treasury officials.